S1: The US in 2018, the United States filed criminal charges against her and her former CEO and boyfriend, Sunny, about warning next week. What was it that caused Ms. Holmes, regrettably, to make those decisions that she did? I can confidently say I will not develop an inaccurate medical testing device and defraud investors. The text messages paint a picture of life for the former couple. Trying your hardest and coming up short is not a crime, defense attorney Lance Wade told the jury. A few minutes later in the same text chain Holmes messaged Balwani: "Rupert over 100," referring to media mogul Rupert Murdoch who is among the high-profile investors in Theranos. TBD is produced by Ethan Brooks. This precocity was a key part of her public image. TBD is part of a larger what next family. Leach asked Holmes, and she agreed. Searching for the word murder in iMessage brings up dozens of results, most of which are in conversations about online dating. Leach pointed out how Holmes did not mention the use of commercial blood-testing machines in response, asking if Holmes now regrets that. Making Elizabeth Holmes' cringey texts public is the ultimate crime The prosecution's cross-examination of Holmes is scheduled to resume on Wednesday. For her part, Holmess responses are often short. I've read her background. 2023 Vox Media, LLC. We know what she created. The court will ask that the parties meet and confer regarding a restitution hearing date that we will set in the future. "Can't wait to learn more about conversation with Rupert," Balwani texted in response. Other passionate texts read, Madly in love with you and your strength and Feel like the luckiest person in world BC I have you.. They dont think this makes or breaks the case. Well get them, Holmes texted Balwani on May 13, 2015 after a lab gave her company a bad review. After her dramatic rise as fall as a young Silicon Valley CEO, Holmes walked away with nothing, her defense attorney told the jury. During opening statements last week, her defense team told the jury that Holmes was on a quest to revolutionize healthcare. Elizabeth Holmes' trial begins with opening statements - CNN But under the facade of Theranos success there were significant problems brewing.. What caused that? Transcript Enlarge this image Former Theranos founder and CEO Elizabeth Holmes leaves the Robert F. Peckham Federal Building with her partner Billy Evans. And one question I had for Rebecca is exactly which Elizabeth Holmes the jury will see, because when Theranos started to unravel, Holmes was argumentative and denied that anything was wrong. Need to get ahead of all of it., Balwani responded, So easy to knock legs off of.. People like breast cancer survivor Sherry Acker. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. S2: And then shortly after that pitch, Elizabeth started showing up in all of these places and was very much a celebrity. Youve got 11 people who say that they got bad results, but like thats 11 people. The file never worked. "One dedicated security guy with us all night." In email exchanges, text messages and board presentations, the prosecution paints a . We see stories of fraud in in both sets. Last Updated: .css-9d8khp-TimeTag{display:inline-block;}Feb. 25, 2022 at 7:41 PM EST, Former Theranos President Ramesh Balwani in 2019. Have a great weekend and thanks for listening. (Getty Images) "We'll get them," Holmes texted Balwani on May 13, 2015 after a lab gave her company a bad review. Having to minimize upcoming plans to make yourself seem hardworking? Stay up to date with what you want to know. Terrible negative review from someone from Newark lab, Balwani wrote. Millions of people got these tests. I think that the PSR [presentence report] had to be corrected as to the age. And that these were early stage investments and they should have had a better sense of things. Sign up for free newsletters and get more CNBC delivered to your inbox. "The way we handled the Wall Street Journal process was a disastrous," Holmes testified. S2: I was afraid of needles. Bad timing. The test validation report originally said it was prepared for a doctor, but that was deleted before it was shared with Walgreens. Read what a judge told Elizabeth Holmes before sending her to - NPR Elizabeth Holmes grilled by prosecutors on witness stand : NPR "Infinite love for you in every breath," Balwani told Holmes later that month. The court has considered the history and characteristics of the defendant and the nature and circumstances of the offense, including those items that I mentioned. I mean, I wonder. So many people, including George Schultz and Jim Mattis, who are on her board, seem to maybe look the other way past some of these red flags, in part because they wanted a young woman to succeed. The next thing. So investors, sophisticated investors, it's all right to invest and lose money, that's the expectation, but the public and sophisticated investors that make those investments, they take those risks. Now she could face up to 20 years in federal prison. Many of the letter writers weren't at the trial I don't believe, but they spoke to a different individual and their experiences. We know what happened there. That's what provided and drove this area's economy. Jury selection begins in the Holmes trial and opening arguments are set for September 8th. She is its mostly taking the fifth. Read the full text of the newly released text messages between Elizabeth Holmes and Sunny Balwani starting on page 10 here. The employee recalled that time period as an incredibly difficult one at the company with high-profile exits including the sudden departure of lab director Adam Rosendorff. She is apparently referring to Alice Walton of Walmart fame. The government opened its cross-examination of Holmes by zeroing in on the months before journalist John Carreyrou, then with The Wall Street Journal, began investigating Theranos for a series of stories that helped spark the regulatory scrutiny that put the company's demise into motion.